Asian shares mostly lower as crude slides to $100 per barrel.Be mindful of divorce’s financial consequences.How women can build their own economic power.The challenge here is that it’s difficult to quantify the value of these intangible benefits. Another benefit may be the proximity of your neighbors who may lend support during your family’s transition. For that person (and any children), there can be real value gained from keeping one aspect of life certain while so many other things are changing. One of you can avoid moving and other costs, should you or your spouse stay in your home. The emotional aspect of having to sell or leave your family home is very real, especially if you have minor children. In the end, deciding where you will live is really a matter of balancing the emotional, practical and financial implications of the three major options you have - staying in your current home, buying a new home or renting. We provide six key questions for you to ask before you make a final decision, as well. If you don’t have an adviser, or if you’re simply exploring the possibility of divorce, here is a list of things to consider as you analyze your options. At the very least, an adviser can guide you in understanding the potential costs and what you may have to give up as you consider your options. This is where working with an adviser can be helpful. Every situation is unique, and while one route may have worked well for a friend or family member, that doesn’t necessarily mean it will be appropriate for you.Īt times, the trade-offs required to execute what you want to do are greater than you realize. This can be one of the first decisions to make during divorce proceedings, but is often not considered in advance.Īdd to that the very real emotional, practical and often significant financial implications, and there may be confusion about the right course of action. WASHINGTON - In working with clients going through a divorce, the decision about where to live can be challenging. Business & Finance Click to expand menu.
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